Karachi, Philip Morris Pakistan Limited informed Pakistan Stock Exchange that in accordance with section 242 of the Companies Act, 2017, every listed company is required to pay cash dividend to shareholders through electronic mode directly into the bank account designated by the entitled shareholders.
Phillip Morris Pakistan Limited was incorporated on February 10, 1969. It is a publically listed company under the Companies Ordinance 1984. The company is a subsidiary of Phillip Morris International Inc., through Phillip Morris Investment B.V. and Phillip Morris Brands Sarl. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges. Its core activities include manufacturing tobacco and cigarettes. The registered office of the company is located in Karachi.
The company acquired a major stake in the business in 2007. The company has a tobacco-leaf threshing plant, three cigarette manufacturing factories and sales offices across the country. The employee strength amounts to around 2,500 people.
The symbol “PMPK” is being used by the stock exchanges for the shares of Phillip Morris Pakistan Limited.